Causal study of macroeconomic indicators on carbon dioxide emission in ASEAN 5

Titolo Rivista ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
Autori/Curatori Adhitya Wardhono, Panji Tirta Nirwana Putra, M. Abd. Nasir
Anno di pubblicazione 2017 Fascicolo 2016/2
Lingua Inglese Numero pagine 17 P. 15-31 Dimensione file 405 KB
DOI 10.3280/EFE2016-002002
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più clicca qui

Qui sotto puoi vedere in anteprima la prima pagina di questo articolo.

Se questo articolo ti interessa, lo puoi acquistare (e scaricare in formato pdf) seguendo le facili indicazioni per acquistare il download credit. Acquista Download Credits per scaricare questo Articolo in formato PDF

Anteprima articolo

FrancoAngeli è membro della Publishers International Linking Association, Inc (PILA)associazione indipendente e non profit per facilitare (attraverso i servizi tecnologici implementati da CrossRef.org) l’accesso degli studiosi ai contenuti digitali nelle pubblicazioni professionali e scientifiche

Carbon dioxide Emission is one of the environment degradation resulted from economic activities. The study aims at revealing the relation of macroeconomic indicators with carbon dioxide emission in ASEAN 5 countries. Carbon dioxide emission is a dependent variable explained by macroeconomic indicator variables such as GDP, trades, energy consumption and exchange rates as an independent variable. The data employed are time series data, the annual data in ASEAN 5 countries (Indonesia, Malaysia, Thailand, the Philippine and Sin-gapore) from the period of 1975 to 2011. The research employs two methods of analysis; narrative descriptive qualitative and VAR (Vector Auto Regressive) method. The estimated research findings indicate different results concerning macroeconomic indicators affecting the carbon dioxide emission in ASEAN 5. AR results reveal that GDP in Indonesia has sig-nificant negative effect while the energy consumption shows a significant positive effect. Meanwhile, the variables such as GDP, trades and exchange rate have a significant positive affect in Malaysia. In Singapore, energy consumption has a significant effect and the exchange rate has positive significant one. Lastly, the Philippine shows that exchange rate variable indicates a significant effect towards carbon dioxide emission.

Keywords:ASEAN 5, Carbon dioxide emission, Macroeconomic Indicator, VAR

Jel codes:Q50, Q51, Q53, Q54

  1. Akram Ch. M., Faheem M.A., Dost Bin M.K. and Abdullah I. (2011). Globalization and its impacts on the world economic development. International Journal of Business and Social Science, 2(23): 291-297. --Available at: http://www.ijbssnet.com/journals/Vol_2_No_23_Special_Issue_December_2011/36.pdf.
  2. _Issue_December_2011/36.pdf.
  3. Alam M.M., Murad M.W., Noman A.H.M. and Ozturk I. (2016). Relationships among carbon emissions, economic growth, energy consumption and population growth: Testing Environmental Kuznets Curve hypothesis for Brazil, China, India and Indonesia. Ecological Indicators, 70: 466-479.
  4. Ang B.W. and Goh T. (2016). Carbon intensity of electricity in ASEAN: Drivers, performance and outlook. Energy Policy, 98: 170-179.
  5. Azlina A.A., Law S.H. and Nik Mustapha N.H. (2014). Dynamic linkages among transport energy consumption, income and CO2 emission in Malaysia. Energy Policy, 73: 598-606.
  6. Begum R.A., Sohag K., Abdullah S.M.S. and Jaafar M. (2015). CO2 emissions, energy consumption, economic and population growth in Malaysia. Renewable and Sustainable Energy Reviews, 41: 594-601.
  7. Cabalu H., Koshy P., Corong E., Rodriguez U.P.E. and Endriga B.A. (2015). Modelling the impact of energy policies on the Philippine economy: Carbon tax, energy efficiency, and changes in the energy mix. Economic Analysis and Policy, 48: 222-237.
  8. Carp L. (2014). Financial Globalization and Capital Flows Volatility Effects on Economic Growth. Procedia Economics and Finance, 15(14): 350-356. DOI: 10.1016/S2212-5671(14)00521-8
  9. Chandran V.G.R. and Tang C.F. (2013). The impacts of transport energy consumption, foreign direct investment and income on CO2 emissions in ASEAN-5 economies. Renewable and Sustainable Energy Reviews. 24: 445-453.
  10. Chilosi D. and Federico G. (2015). Early globalizations: The integration of Asia in the world economy, 1800-1938. Explorations in Economic History, 57: 1-18.
  11. Goodman J. (2016). The “climate dialectic” in energy policy: Germany and India compared. Energy Policy: 1-10.
  12. Halicioglu F. (2009). An econometric study of CO2 emissions, energy consumption, income and foreign trade in Turkey. Energy Policy, 37(3): 1156-1164.
  13. Van Hoa T. and Limskul K. (2013). Economic impact of CO2 emissions on Thailand’s growth and climate change mitigation policy: A modelling analysis. Economic Modelling, 33: 651-658.
  14. Huang B.N., Hwang M.J. and Yang C.W. (2008). Does more energy consumption bolster economic growth? An application of the nonlinear threshold regression model. Energy Policy, 36(2): 775-786.
  15. IMF (2008). Globalization, Commodity PriCes, and developing Countries. World Economic Outlook, IMF. --Available at: http://www.dauphine.fr/siroen/DEA/WEOc5.pdf.
  16. Kasman A. and Duman Y.S. (2015). CO2 emissions, economic growth, energy consumption, trade and urbanization in new EU member and candidate countries: A panel data analysis. Economic Modelling, 44: 97-103.
  17. Katircioǧlu S.T. (2014). Testing the tourism-induced EKC hypothesis: The case of Singapore. Economic Modelling, 41: 383-391.
  18. Lau L.S., Choong C.K. and Eng Y.K. (2014). Investigation of the environmental Kuznets curve for carbon emissions in Malaysia: DO foreign direct investment and trade matter? Energy Policy, 68: 490-497.
  19. Marginean S. (2015). Economic Globalization: From Microeconomic Foundation to National Determinants. Procedia Economics and Finance, 27(15): 731-735. DOI: 10.1016/S2212-5671(15)01055-2
  20. Mustapa S.I. and Bekhet H.A. (2016). Analysis of CO2 emissions reduction in the Malaysian transportation sector: An optimisation approach. Energy Policy, 89: 171-183.
  21. Neuenkirch M. (2013). Monetary policy transmission in vector autoregressions: A new approach using central bank communication. Journal of Banking and Finance, 37(11): 4278-4285.
  22. Olivier J.G.J., Janssens-Maenhout G., Muntean M. and Peters J.A.H.W. (2014). Trends in global co 2 emissions 2014 report.
  23. Pekarskiene I. and Susniene R. (2014). The Assessment of the Manifestation of Economic Globalization: The International Trade Factor. Procedia – Social and Behavioral Sciences, 156(April): 392-397.
  24. Ronayne D. (2011). Which Impulse Response Function?, (971). --Available at: http://www2.warwick.ac.uk/fac/soc/economics/staff/phd_students/dronayne.
  25. Saboori B., Sulaiman J. and Mohd S. (2012). Economic growth and CO 2 emissions in Malaysia: A cointegration analysis of the Environmental Kuznets Curve. Energy Policy, 51: 184-191.
  26. Schwarze S., Schippers B., Faust H., Wardhono A., Weber R. and Zeller M. (2005). The Status of Toro Village in the Lore Lindu Region: Is it Really Exceptional? A Comparative Quantitative Study of Socio-Economic Indicators. Economic Analysis, May.
  27. Shahbaz M., Mallick H., Mahalik M.K. and Sadorsky P. (2016). The role of globalization on the recent evolution of energy demand in India: Implications for sustainable development. Energy Economics, 55: 52-68.
  28. Shangquan G. (2000). Economic Globalization: Trends, Risks and Risk Prevention. CDP Background Paper, 1(1): 1-8.
  29. Supasa T., Hsiau S.S., Lin S.M., Wongsapai W. and Wu J.C. (2016). Has energy conservation been an effective policy for Thailand? An input-output structural decomposition analysis from 1995 to 2010. Energy Policy, 98: 210-220.
  30. Surugiu M.-R. and Surugiu C. (2015). International Trade, Globalization and Economic Interdependence between European Countries: Implications for Businesses and Marketing Framework. Procedia Economics and Finance, 32(15): 131-138. DOI: 10.1016/S2212-5671(15)01374-X
  31. Thepkhun P., Limmeechokchai B., Fujimori S., Masui T. and Shrestha R.M. (2013). Thailand’s Low-Carbon Scenario 2050: The AIM/CGE analyses of CO2 mitigation measures. Energy Policy, 62: 561-572.
  32. Thompson B.S., Clubbe C.P., Primavera J.H., Curnick D. and Koldewey H.J. (2014). Locally assessing the economic viability of blue carbon: A case study from Panay Island, the Philippines. Ecosystem Services, 8: 128-140.
  33. Tol R.S.J. (2009). The economic effects of climate change. The Journal of Economic Perspectives, 23(2): 29-51.
  34. Velde D.W. te (2005). Globalisation and education : what do the trade, investment and migration literatures tell us? Working paper (Overseas Development Institute) 254, (August): 70. --Available at: http://www.odi.org.uk/publications/working_papers/wp254.pdf.
  35. Wu P.I., Chen C.T., Cheng P.C. and Liou J.L. (2014). Climate game analyses for CO2 emission trading among various world organizations. Economic Modelling, 36: 441-446.
  36. Zakarya G.Y., Mostefa B., Abbes S.M. and Seghir G.M. (2015). Factors Affecting CO2 Emissions in the BRICS Countries: A Panel Data Analysis. Procedia Economics and Finance, 26(May): 114-125. DOI: 10.1016/S2212-5671(15)00890-4
  37. Zhu H., Duan L., Guo Y. and Yu K. (2016). The effects of FDI, economic growth and energy consumption on carbon emissions In ASEAN-5: Evidence from panel quantile regression’. Economic Modelling, 58: 237-248.

Adhitya Wardhono, Panji Tirta Nirwana Putra, M. Abd. Nasir, Causal study of macroeconomic indicators on carbon dioxide emission in ASEAN 5 in "ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT" 2/2016, pp 15-31, DOI: 10.3280/EFE2016-002002